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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Rongsheng Petrochemical Co., Ltd.    002493   CNE100000W60

RONGSHENG PETROCHEMICAL CO., LTD.

(002493)
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China's private refiners hire new executives for Singapore desks

08/31/2020 | 04:24am EST

(This August 26 story corrects Zhang's job titles in second paragraph)

Private Chinese oil refiner and petrochemical manufacturers Hengli Petrochemical Corp and Rongsheng Petrochemical Corp have each hired a new executive for its Singapore trading desk, company officials said on Wednesday.

Hengli Petrochemical (Singapore) Pte Ltd, the trading unit for Hengli Petrochemical, hired James Zhang, formerly Asia head of energy at ICBC Standard Bank, as its vice president in charge of strategy and day-to-day operations, a company spokesman said.

Zhang started early this month, the spokesman said.

Separately, Zhu Yanyu, previously a veteran oil products trading manager at state-owned oil and gas company PetroChina, started in June at Rongsheng Petrochemical (Singapore) Pte Ltd as a deputy general manager in charge of refined products trading, said two company officials.

The Singapore operation is the international trading unit for Rongsheng Petrochemical Corp, which is a key stakeholder in Zhejiang Petrochemical Corp (ZPC), one of China's largest private refiners which operates a 400,000 barrels per day refinery in east China's Zhoushan.

ZPC became the first private Chinese refiner to win Chinese government quotas to export low-sulphur marine fuel in April, and in July the firm was granted a license to export other refined products.

(Reporting by Chen Aizhu and Shu Zhang; Editing by Christian Schmollinger)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HENGLI PETROCHEMICAL CO.,LTD. -1.70% 25.51 End-of-day quote.58.64%
LONDON BRENT OIL 2.07% 48.22 Delayed Quote.-27.74%
PETROCHINA COMPANY LIMITED 0.82% 2.47 End-of-day quote.-36.83%
RONGSHENG PETROCHEMICAL CO., LTD. 0.54% 26.02 End-of-day quote.110.01%
STANDARD BANK GROUP LIMITED 0.59% 121.86 End-of-day quote.-27.60%
WTI 2.53% 45.265 Delayed Quote.-26.33%
All news about RONGSHENG PETROCHEMICAL CO., LTD.
11/22China issues final batch of refined fuel export quotas for 2020 - sources
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11/22China issues final batch of refined fuel export quotas for 2020 - sources
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11/22China's Rongsheng receives 1 million T fuel export quotas for 2020
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11/02China's Rongsheng Petchem starts up new crude unit
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10/14China's Rongsheng buys crude for Dec-Jan ahead of refinery start-up
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08/31China's private refiners hire new executives for Singapore desks
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08/26MOVES-China's private refiners hire new executives for Singapore desks
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08/14China's Rongsheng sees energy, chemical demand back to normal in second-half
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08/07RONGSHENG PETROCHEMICAL CO., LTD. : half-yearly earnings release
06/16China's Sinopec starts up new Zhanjiang refinery complex
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More news
Financials
Sales 2020 134 B 20 494 M 20 494 M
Net income 2020 7 923 M 1 207 M 1 207 M
Net Debt 2020 88 973 M 13 558 M 13 558 M
P/E ratio 2020 23,2x
Yield 2020 0,80%
Capitalization 176 B 26 764 M 26 766 M
EV / Sales 2020 1,97x
EV / Sales 2021 1,55x
Nbr of Employees 13 962
Free-Float 26,8%
Chart RONGSHENG PETROCHEMICAL CO., LTD.
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Technical analysis trends RONGSHENG PETROCHEMICAL CO., LTD.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 19,72 CNY
Last Close Price 26,02 CNY
Spread / Highest target 16,8%
Spread / Average Target -24,2%
Spread / Lowest Target -68,9%
EPS Revisions
Managers
NameTitle
Jiong Jiong Xiang General Manager & Director
Shui Rong Li Chairman
Feng Di Yu Director
Wei Ying Quan Board Secretary & Director
Cai E Li Director
Sector and Competitors